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https://twitter.com/chrisoil/status/1278934607963074563?s=21

More and more tweets over this bid rumour appearing, Chris oil now all over it as well

There is a FCA investigation against ARCM for not notifying the market on their Short position, as if they are going to notify on reducing until they have escaped

That explains Director buys at 50p

It’s all over Social media now, slightest bit of truth and this will go ballistic

The jungle drums are being pounded, the slightest truth behind this rumour and this will be off the line like a top fuel dragster

News could hit tomorrow

You must be nervous now Ferret

11.1% - much better than expected (13.3%)

The SP is now into week 2 of consolidation with a 10% drop, looking at the way this has performed over the last few years with recovering oil prices, we are close to our next move up, if we clear 55.1p then next resistance point is around 64p.
Brent has bounced off $42 a good few times this week if it clears it this week then it may well head towards $45 quite quickly

DBNO that's not exactly true is it, that was timed at 11.38 was offbook and was at a premium over the Ask price so it was a buy.

A few largeish buys going through, don't see many largeish sells going through today.

I reckon the SP is being held in a tight bracket allowing ARCM to close out there short position or is 50p going to be the figure of the fund raise and a new major share holder ?
This could kick you right up the nuts Ferret !

Ferret, hmm so your timing was perfect...... you are full of it !
Still haven’t answered my question! Won’t hold my breath

If today’s EIA report confirms yesterday’s API figures then we may see Brent push towards $43 this evening.
There’s a few big players (GS) that play with this cash cow and fear is the biggest driver for them, all the recent media scaremongering over COVID is driving the market, but the fundamentals always push through the media fog screen.
Oil demand is increasing- fact !
Quid come Christmas

Ferret- Cat got your tongue? Come on answer my question

BOFA SAYS RAISES UK EQUITIES TO "MARKETWEIGHT" FROM "UNDERWEIGHT" DUE TO "RECENT UNDERSHOOT"

Big draw

Crude -8.156M
Cushing +0.164M
Gasoline -2.459M
Distillate +2.638M

Come on then ferret what interest rate they charge on loaning you the stock to short ? What broker do you use ?

Ferret - hmm maybe we should look at your posting history !

Ferret, What interest rate do you pay with the broker on your short ? Just thinking if you had of listened to me back in March and April you would be holding a huge profit today.